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Foley, AL Coin Show Report JAN 19-20
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<p>[QUOTE="GDJMSP, post: 1629626, member: 112"]It makes perfect sense Jaun, the reason you don't understand it is because you apparently don't know how the system works.</p><p><br /></p><p>First of all, Bid and Ask are the prices that are listed in the current Grey Sheet. But there is never just 1 Bid or just 1 Ask, there can be hundreds of each. The Grey Sheet however searches through all of the Bids and all of the Asks and they publish the highest Bid (which means there are many Bids that are lower) they can find, and the lowest Ask (which means there are many Asks that higher) they can find, and those 2, just those 2, are the prices listed in their paper.</p><p><br /></p><p>But there is a caveat. The Bid and Ask are only for "good for the grade" coins, they can be raw or slabbed.</p><p><br /></p><p>And since out of a group of say 10 (arbitrary number it can be 20 or 100) coins in any given grade, some of those 10 will be at the low end of that grade, some will be in the middle, and some will be at the high end. Those at the low end are worth less than Bid, those in the middle are worth Bid, and those at the high end are worth more than Bid.</p><p><br /></p><p>So it is quite common, expected even, for a given coin to sell for less than Bid, or more than Bid.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 1629626, member: 112"]It makes perfect sense Jaun, the reason you don't understand it is because you apparently don't know how the system works. First of all, Bid and Ask are the prices that are listed in the current Grey Sheet. But there is never just 1 Bid or just 1 Ask, there can be hundreds of each. The Grey Sheet however searches through all of the Bids and all of the Asks and they publish the highest Bid (which means there are many Bids that are lower) they can find, and the lowest Ask (which means there are many Asks that higher) they can find, and those 2, just those 2, are the prices listed in their paper. But there is a caveat. The Bid and Ask are only for "good for the grade" coins, they can be raw or slabbed. And since out of a group of say 10 (arbitrary number it can be 20 or 100) coins in any given grade, some of those 10 will be at the low end of that grade, some will be in the middle, and some will be at the high end. Those at the low end are worth less than Bid, those in the middle are worth Bid, and those at the high end are worth more than Bid. So it is quite common, expected even, for a given coin to sell for less than Bid, or more than Bid.[/QUOTE]
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Foley, AL Coin Show Report JAN 19-20
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